Press Releases

Bills to Cut Consulting Contracts Advance to House

BATON ROUGE, LA – The House Appropriations Committee this week advanced two bills that rein in the number of consulting contracts across state government, according to State Treasurer John Kennedy. “We had $12.23 billion in…

State Bond Commission Approves $128 Million for Local Projects

Panel also approved more than $5 million in interest savingsBATON ROUGE, LA – The State Bond Commission approved $128 million for projects statewide and approved more than $5 million in interest savings at its April…

Treasury Uncovers Almost $45 Million For Insurance Beneficiaries

BATON ROUGE, LA – By checking life insurance companies’ records, the Louisiana Department of the Treasury has uncovered nearly $45 million in death benefits that should have been paid to Louisiana residents, State Treasurer John…

State Revenues Significantly Improve

BATON ROUGE, La. – The March 2016 Net Receipts Report shows that total state revenue thus far for 2015-2016 was $5.342 billion, a 6% decrease compared to that time last year. Total major state revenue…

Treasurer Kennedy Issues Statement on Legal Filing

BATON ROUGE, La. – State Treasurer John Kennedy issued the following statement today on Orleans Parish Sheriff Marlin N. Gusman’s petition for writ of mandamus. “I support our deputy sheriffs and all law enforcement personnel,…

Fitch Downgrades Louisiana’s Credit Rating

BATON ROUGE, La. – Fitch Ratings downgraded Louisiana’s credit rating a notch today, according to State Treasurer John Kennedy. “This is what happens when you spend more than you take in for seven years running….

S&P Affirms Louisiana’s Credit Rating

BATON ROUGE, LA. – Standard & Poor’s Rating Services affirmed Louisiana’s credit rating today and kept the state on negative outlook, according to State Treasurer John Kennedy. “I’m pleased that S&P is giving us a…

State Bond Commission Approves $209 Million for Local Projects

Panel also approved more than $11.2 million in interest savings BATON ROUGE, LA – The State Bond Commission approved $209 million for projects statewide and saved taxpayers more than $11.2 million at its March 17…

State Revenues Continue To Improve

BATON ROUGE, La. – The February 2016 Net Receipts Report shows that total state revenue thus far for 2015-2016 was $4.796 billion, a 10% decrease compared to that time last year. Even though state revenue…

Moody’s Downgrades State’s Credit Rating

BATON ROUGE, LA – Moody’s Investors Service downgraded Louisiana’s credit rating today in a move that will make it more expensive for the state to borrow money for construction projects, according to State Treasurer John…